AI in the Chinese cost engineering market - new impetus for costdata

AI in the Chinese cost engineering market - why sound data is the decisive factor

Artificial intelligence is revolutionizing cost engineering worldwide - and nowhere is this development as rapid as in China. Companies there are increasingly relying on AI-supported analyses to make well-founded cost decisions. But one thing is clear: AI is only as good as the data it works with.

China's cost engineering approach: AI needs precise data

Our Chinese partners agree: the success of AI in cost engineering depends largely on the quality of the underlying data. Without reliable benchmarks, any cost analysis remains an approximation - with well-founded market data, however, AI becomes a real basis for decision-making. This factor is particularly crucial in Should Costing analysis: only with precise comparative values can realistic target prices be defined and cost drivers effectively identified.

Why costdata plays a central role

As a provider of one of the most comprehensive global cost and benchmark databases, costdata is an important partner for Chinese companies that want to optimize their cost engineering processes with AI. Our market data provides reliable comparative values for metals, plastics, machine costs and labor structures - precisely the factors that are essential for data-driven Should Costing analyses.

Mutual inspiration - learning from the best

Our close collaboration with Chinese companies is constantly showing us new perspectives on the use of AI in cost engineering. While we are integrating our benchmarks into AI-supported systems, we are also observing how AI is already automating and optimizing processes in China today. The exchange with these innovative pioneers inspires us to continuously develop our own solutions and optimize them for the global market.

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